Savings Bank Account
Minimum Balance Required to open account without cheque book facility R200
Minimum Balance Required to open account with cheques book facility R500
Minimum Balance Required to open account by expatriates With/without cheques book facility R500
Bank card FREE
Cheque returned for insufficient funds R500
Lost/ Replacement of Bank Card. R 50
Balances below specified amount i.e R200/-(without cheque book)& R500/-(with cheque book) R 50 p.m
Maintenance of Dormant a/c* No charge
(*When account is not operated for -2-years)
Cash Transaction at the counter FREE
Unauthorized O/D (not allowed) 24%p.a on overdrawn account
Cheque Books 50 pages R130, 100 pages R200
Duplicate statement R10 per page

Current Account(Individual and Business)
Minimum Balance Required to open account R5000/-
Current a/c Closure charge No charge
Cheque books 50 pages R130, 100 pages R200
Cheque returned for insufficient funds R500
Temporary Overdraft 24% p.a on overdrawn account
Request archive statements(30 entries per page) R10 per page
Maintenance of Dormant a/c* Nil
(*When account is not operated for-1- year) _-
Automated transfers FREE
Balances below R5000 R200 p.m
Unauthorized O/D (not allowed) 24%p.a on overdrawn account
Maintenance fee(half yearly) R100
Cash Transaction at the counter FREE
Duplicate statement charge R20 per page

Foreign Currency Current Account
Minimum Balance Required to open Foreign currency account
a) For salary A/c
b) For others
Equivalent to USD 25
Equivalent to USD 100
Inward transfers received from banks No charge
Maintenance of Dormant a/c 5No charge
Local cheque collection SD5
Cheque book 50pages(Current Account)) USD10

Fund Transfers
Fund transfer through SEFT (Manual / Over the counter) SCR 20
Fund transfer through SWIFT (for any amount) R50
Banker’s cheques R50
SWIFT/ TT ( in case currency/country differs)  
Transfer to India in INR through Rapid Funds to India SCR 35 or equivalent
(** plus correspondence bank charge, if any)  
Foreign Drafts R400
Cancellation of draft R50

Standing Orders
Current a/c & Savings a/c(Internal transfer) No charges
Current a/c & Savings a/c(External payment) EFT R20/-
Current a/c & Savings a/c(Exter. payment) SWIFT R50/-
New standing order set up for external remittance.(One time) Rs25/-
Unpaid due to insufficient funds R500

Documentary Credits (Inwards)
Opening/ Establishment of LC 2% min. R300 p.q.> 3 months 50% p.q. or part thereof
Advising/ Notification No charge
Negotiation 1% subject to minUSD50
Confirmation No charge
Amendment 2% of increased amount, min. R250.
Acceptance 1% min. R250
Under other credits No charge
Commission on Payment No charge
Commission on Issuance No charge
Verification of documentation, collection No charge
Telex/Fax/ Swift sent at client’s request R125

Documentary Credits (Outwards)
Notification No charge
Acceptance 0.50%minUSD40
Confirmation No charge
Negotiation 0.50%minUSD40
Opening/ Transferring 2%p.q minR400
Drawing/verification of documentation R100
Amendment 2% of increased amount, min. R250.
Shipping guarantee R500
Telex/ Fax/ Swift sent at client’s request R125

Loan and Advances Fees
Business O/D & loans – fresh /renewal fee 1%minR300
Processing Charge for adhoc/Excess 2% of the amount sanctioned
Personal loan fresh only 1% MinR400 MaxR1000
Home loan: upto SCR 1.5 Mn
Above SCR 1.5 Mn
SCR 2500 For first home acquirer and 0.25% for others
0.50% of loan amount
Car loan (fresh only) Car Loan-1% MinR300
Loans – full pre-payment fee No charge
Loan/OD against FDR SCR300 (FOR ANY LIMIT)
C/F Loan & Advance Fees, Processing Fee
Amendment to loan contracts/agreement ————-
No charge
Detail of loan repayment No charge
Pre-mature closure No charge
Part-repayment (require rescheduling) No charge
Prepayment charge: Loan in SCR currency
Loan in Fgn currency
3% on prepayment amount
Unpaid term loan (Overdue) 2%p.a+ normal interest rate
Unpaid term loan (Overdue) 2%p.a+ normal interest rate
Penalty interest rate 2%p.a+ normal interest rate
Legal Fee(as charged by the lawyers) Actual
Loan – cancellation of agreement (pre-disbursement) R500

Guarantees, Bonds, indemnities etc.
Immigration Guarantee/bond/indemnities. 1%p.a MinR500p.a
Financial Guarantee 2%p.a
Performance Guarantee 0.5%p.a

Bill for Collection(Inward and Outward)
Inward (documentary) 1%minimum SCR350+SCR300 transmission cost
Inward (clean) USD 30
Holding bill beyond due date SCR250/-
Outward(sight/tenor) 0.25%,minUSD20
Tracer to charges R200
Courier Charges Actual
Non-Standard Cheques for collection SCR100 per cheque.

Bank audit report to company’s auditors Balance confirmation only-R100,Also other detailsR200
Status report for customers R100
Safe custody R500 to R2000 p.a. depending on the size of the lockers
Attestation of documents R50 per documents
Loss of wallet/ key R5000

Internet Banking Facilities
Transaction based Free of cost

p.m – Per Month PLR—11.00%p.a w.e.f 16-04-2018
FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4618000 ,4618001,4618002,4618009 & 4618011
a/c – Account
max – Maximum
LC – Letter of Credit
p.a – Per Annum
Fgn – foreign
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